2015 (12) TMI 1910

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....R P.M. SALEEM, MEMBER (T) 1. Revenue has filed this appeal aggrieved by the impugned Order-in-Appeal wherein the Commissioner (Appeals) has held that the respondents are eligible for CENVAT credit of service tax paid by the Banking and other Financial Service provider, by holding that the same is covered by the definition of input service as the appellants are utilising the said service in c....

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....ation to .... activities relating to business, such as accounting, auditing, financing, ..... He, therefore, contends that services of Banking and other Financial services are clearly included in the said definition of input service. He also relied upon the decisions of Tribunal, in the case of CCE v. Vishal Malleables Ltd. 2013 (287) ELT 234 (Tri. - Ahd.) and CCE, ST & C v. J.K. Fabrics (Bangalor....

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....are in respect of business of the appellant. The co-ordinate Bench of the Tribunal in the case of Jeans Knit Pvt. Ltd. (supra) (wherein I was one of the Member), had considered this issue in detail for the purpose of refund of such amount on the goods which are exported. In my view, the ratio laid down by the decision in the case of Jeans Knit Pvt. Ltd., is the ratio followed by the first appellat....